A Method of Evaluating Rules and Regulations by Weighing Their

question 14

Multiple Choice

A method of evaluating rules and regulations by weighing their potential costs against the potential benefits to society is known as

• A) cost-reduction examination.
• B) cost-benefit analysis.
• C) bureaucratic oversight.
• D) bureaucratic methodology.
• E) presidential leadership over the bureaucracy.

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Definitions:

Donald Boudreaux

An American economist known for his work in free market economics and public choice theory, and for being a prolific writer on these subjects.

Private Property

Assets or possessions owned by individuals or corporations and protected by law from unauthorized use or trespass by others.

Alternative Uses

The different purposes or applications a resource can be used for, highlighting economic choices and trade-offs.

Capital Goods

Long-lasting goods acquired and used by businesses to produce goods and services and contribute to their productive capacity.